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Forecast update for Brent -03-07-2026
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Forecast update for Brent -03-07-2026
Jul 3, 2026 7:34 AM

Brent crude oil witnessed limited gains on its last intraday levels, retesting $72.00 resistance level, to recover some of its previous losses, and offloading this oversold conditions on the relative strength indicators, amid the continuation of the negative pressure that comes from its trading below EMA50, which reinforces the stability and dominance of the main bearish trend on the short-term basis, especially with the trading alongside main and minor supportive trend line for this path.

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